Egypt’s Khamis family rakes in $1.2 million from Oriental Weavers’s stake
The market value of the stake held by the affluent Khamis family has increased by EGP 184.40 million ($1.26 million) in just 28 days
The market value of the stake held by the affluent Khamis family has increased by EGP 184.40 million ($1.26 million) in just 28 days
Egyptian businesswoman and executive Yasmine Mohamed Khamis and her siblings own a 56.58-percent controlling interest in the leading carpet manufacturer.
Egyptian businesswoman Yasmine Mohamed Khamis and her siblings own a controlling interest of 56.58 percent of the leading carpet manufacturer.
The Khamis family, one of Egypt’s wealthiest, currently holds a majority stake of 40.58 percent in Oriental Weavers.
Oriental Weavers is a leading carpet manufacturer and distributor.
The Khamis family owns a controlling interest of 56.58 percent in Oriental Weavers.
The Khamis family’s share in Oriental Weavers is worth $117 million.
Oriental Weavers operates under the leadership of Egyptian businesswoman Yasmine Mohamed Farid Khamis.
The Khamis family is one of Egypt’s wealthiest families.
Yasmine Mohamed Khamis and her family own a 56.58-percent controlling interest in the leading carpet manufacturer.
The family is set to earn $23.9 million in final dividends from their stake in the leading carpet manufacturer.
Oriental Weavers’ market capitalization is now valued at $324.9 million.
At the current market price, the wealthy family’s shareholding is worth EGP2.7 billion ($194.2 million).
Farida Khamis and other members of the Khamis family jointly control a 56.58-percent stake in the leading carpet maker.
Oriental Weavers China is the Chinese subsidiary of Oriental Weavers, the world’s largest machine-made carpet manufacturer.
The rise was due to a 32.55-percent surge in the company’s shares on the Egyptian Stock Exchange.